To be used in place of 'well', when one feels there is no more to say. This word was originally brought to the peoples' attention in 1994, from Jim Carrey in the cult classic, Dumb & Dumber.
This is simply one of the many words and phrases that continue to be used in teen conversation today.

Other examples:
"'Eyy, Jim! I just finished the job on that engine repair, so, feel free to take the credit for it as usual! Welp, That's my queue to leave, so, I suppose I'll see your rotten self tomorrow! Later!"

An interjection used when discussing an unfortunate circumstance without expressing anger. "Welp" is often used when exaggerating or seeking pity, sarcastically, or in attempts to conceal frustration. The 'P' sound at the end is usually muted, and simply serves as a consonant sound added onto the commonly known word "well."

Welp, I lost my job, I have a horrible credit score, my spouse wants a divorce, and my insurance company dropped me. I'll just have to go live on the streets, NBD.

It's a resigned declaration of existential helplessness. A recognition, if you will, of your insignificance in the face of destiny's vicissitudes. "Wel'p" is the apotheosis of the attitude Tilders (natives of thetldr.com) have been taking toward life since early adolescence, the quintessence of the emotion that's bound all neckbeards together through the ages. It is our curse, our blessing, our agony, and our ecstasy. It is wel'p, and it is what allows us to exalt paradoxically in the depths of our shared despair.

Worst pain I've felt since I had my ingrown toe nail removed a year ago.

Seems like I go to the dentist at least once a month, now. That's the only time I get out, anymore. To shuttle my brother to and from his various social functions or to go get my mouth raped.

1.To be used in place of 'well', when one feels there is no more to say. This word was originally brought to the peoples' attention in 1994, from Jim Carrey in the cult classic, Dumb & Dumber. This is simply one of the many words and phrases that continue to be used in teen conversation today.
2. another word for oh well

1.'Eyy, Jim! I just finished the job on that engine repair, so, feel free to take the credit for it as usual! Welp, That's my queue to leave, so, I suppose I'll see your rotten self tomorrow! Later!